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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: charred who wrote (3288)	7/27/1999 1:00:00 AM
From: Bruce Robbins	Respond to of 4504

I think MAN chose to drill TG-3 because it is one of the largest anomalies that is close to TG-1 on the same gravity trend as TG-1. They would have drilled it some day, but seeing as the town of Tambogrande is sitting on TG-1 and has no plans of moving yet, why not focus on something outside of town. The anomalies are a function of depth, volume and density contrast. They are also a function of the direction the survey was done. I can not tell from the map on the MAN site which anomaly is the best- they show up as blobs without contours or numbers. The best anomaly would theoretically be the one that would have the largest area, that is on trend with other massive sulfides and that has a steep slope to a very high plateau. It's hard to tell- there are no drill holes in between anomalies to tell us what is there. Someone mentioned the Neves-Corvo area deposits previously. In the Neves-Corvo area, there are 5 sulfide deposits. Only two of the five have gravity anomalies. The other three have no associated gravity anomalies. Hence, the exploration lesson is, the absence of an anomaly does not necessarily mean there is nothing there. No anomaly means inconclusive. Howy was wondering what lies between hole 10 on TG-3 and hole 37 on TG-1. Perhaps there are sulfide lenses all the way from TG-1 to TG-3. Inconclusive until drilled. I would love to see magnetic, electromagnetic and gravity survey maps for the area. If you got coincident anomalies in all three surveys, that would be the best target. But, alas, all of these things take time and money AND they remain only targets until drilled. It is much better (and cheaper) exploration practice to get the drill on the multiple gravity targets ASAP. It is a better use of the shareholder's money. Drilling leads to a conclusion. The priority drill targets are the gravity anomalies. The TG-1, TG-3 and 8 other anomalies are approximately the same size- all are larger than 500 meters in diameter. TG-7 is two smaller anomalies that are close to each other. TG-5, TG-2 and B-05 are smaller isolated anomalies (there are a total of 16 anomalies shown on the map). If MAN can come up with a mine on another anomaly (they have 15 tries) then the TG-1 vs town of Tambogrande is a non-issue.

To: charred who wrote (3288)	7/27/1999 1:01:00 AM
From: James N. Wilson	Read Replies (3) \| Respond to of 4504

<Moving costs for the town will be huge> Have your appraisers just returned from the region? If so, how much will it take? <Besides building houses, you have to build new colleges, banks, schools, power plants, etc. > Again, the slide presentations of life on main street does not confirm this at all. Please advise on where I can obtain the very latest information about all the banks, colleges, schools, power plants, etc.

To: charred who wrote (3288)	7/27/1999 6:00:00 AM
From: Jeff Dickson	Respond to of 4504

> Anomalies are a function of the depth and size. TG-3 is very deep. < That's tricky. If I understand it correctly, you could get an alias of that same signature for a shallow wide deposit. >Again TG-1 will make it or break it. Moving costs for the town will be huge. Besides building houses, you have to build new colleges, banks, schools, power plants, etc. < Colleges? Banks? Power plants? There is a town somewhere in the world that has been moved for mining not once, but twice. That town just happens to be in Peru. TG-1 will make or break it? Even if they prove up a another reserve with the same (or much greater) value? No chance. But you seem to be in the business of beating dead horses... ... which, by the way, are buried no where near the TG-1 pit.